SATG vs. CONX

Last updated Jun 4, 2026

SATG (Leverage Shares 2X Long SATS Daily ETF) and CONX (Direxion Daily COIN Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. SATG charges 0.75%/yr vs 0.97%/yr for CONX.

Performance

SATG vs. CONX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SATS Daily ETF (SATG) and Direxion Daily COIN Bull 2X ETF (CONX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SATG achieves a 1.45% return, which is significantly higher than CONX's -61.79% return.

SATG

• 1D: -4.52%
• 1M: -3.29%
• YTD: 1.45%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONX

• 1D: -12.34%
• 1M: -38.44%
• YTD: -61.79%
• 6M: -75.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SATG vs. CONX - Yearly Performance Comparison

	2026 (YTD)	2025
SATG Leverage Shares 2X Long SATS Daily ETF	1.45%	8.74%
CONX Direxion Daily COIN Bull 2X ETF	-61.79%	-20.71%

Correlation

The correlation between SATG and CONX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.37

Return for Risk

SATG vs. CONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SATS Daily ETF (SATG) and Direxion Daily COIN Bull 2X ETF (CONX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SATG	CONX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.62	+0.84

Drawdowns

SATG vs. CONX - Drawdown Comparison

The maximum SATG drawdown since its inception was -39.11%, smaller than the maximum CONX drawdown of -76.90%. Use the drawdown chart below to compare losses from any high point for SATG and CONX.

Drawdown Indicators

	SATG	CONX	Difference
Max Drawdown Largest peak-to-trough decline	-39.11%	-76.90%	+37.79%
Current Drawdown Current decline from peak	-29.28%	-75.11%	+45.83%
Average Drawdown Average peak-to-trough decline	-20.37%	-48.87%	+28.50%

Volatility

Volatility by Period

	SATG	CONX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	111.32%	146.14%	-34.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.32%	146.14%	-34.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.32%	146.14%	-34.82%

SATG vs. CONX - Expense Ratio Comparison

SATG has a 0.75% expense ratio, which is lower than CONX's 0.97% expense ratio.

Dividends

SATG vs. CONX - Dividend Comparison

SATG has not paid dividends to shareholders, while CONX's dividend yield for the trailing twelve months is around 2.12%.

Position	TTM	2025
CONX Direxion Daily COIN Bull 2X ETF	2.12%	0.42%
SATG Leverage Shares 2X Long SATS Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SATG and CONX in my portfolio?

SATG and CONX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SATG or CONX?

On fees, SATG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SATG or CONX?

SATG is cheaper with a 0.75% expense ratio, compared with 0.97% for CONX.

Which ETF pays a higher dividend yield, SATG or CONX?

CONX has the higher dividend yield at 2.12%, compared with 0.00% for SATG.

What is the main difference between SATG and CONX?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for SATG and 0.97% for CONX.